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Qubic Loses $1.3 Million in Wallet Raid Before Network Halts

First reported 18 Oct, 15:00 UTCSource: Bitcoin.com News + 3 moreLast editorial activity 18 Oct, 15:00 UTCWrite a comment ↓

A modern server room featuring network equipment with blue illumination. Ideal for technology themes. — Illustrative photo.Photo by panumas nikhomkhai on Pexels

What happened

An overnight cryptocurrency theft emptied 1,404 Qubic wallets of approximately 2.94 trillion QU, worth $1.3 million, before validators halted the network. The apparent culprit wasn’t a blockchain vulnerability but predictable wallet seeds generated by older Apple devices and browsers.

What Matters Now

Detailed view of a server rack with a focus on technology and data storage. — Photo: panumas nikhomkhai / Pexels

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An IT professional operates a computer in a server room, managing network systems and connected devices. — Photo: panumas nikhomkhai / Pexels

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Sources & evidence

Bitcoin.com News Reporting source
Qubic Loses $1.3 Million in Wallet Raid Before Network Halts ↗
https://news.bitcoin.com/security/qubic-loses-1-3-million-in-wallet-raid-before-network-halts/
The Defiant
Qubic Halts Network After $1.3 Million Wallet Drain ↗
https://thedefiant.io/news/hacks/qubic-halts-network-after-1-3-million-wallet-drain
Crypto Briefing Reporting source
Qubic halts mainnet after wallet drain empties 1,404 accounts ↗
https://cryptobriefing.com/qubic-halts-mainnet-wallet-drain/
crypto.news Reporting source
Qubic hack leaves $1.4 million in stolen tokens frozen ↗
https://crypto.news/qubic-hack-leaves-1-4-million-in-stolen-tokens-frozen/

What happened

Sources & evidence

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